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Crypto scam lures ships into Strait of Hormuz, falsely promising safe passage

Crypto scam lures ships into Strait of Hormuz, falsely promising safe passage

Summary

Scammers are pretending to be Iranian authorities and asking ships near the Strait of Hormuz to pay a fake fee in cryptocurrency to get safe passage. This comes amid real attacks and military tensions in the area, making it hard for ships to travel safely.

Key Facts

  • Scammers use messages asking for transit fees in bitcoin or tether, pretending to be Iranian officials.
  • The Strait of Hormuz is a key waterway through which about 20% of the world’s oil and gas pass.
  • Iran demands cryptocurrency payments and requires ships to follow inspection routes near its coast.
  • At least one ship fired upon by Iran may have been tricked into thinking it paid for safe passage.
  • About 2,000 ships and 20,000 crew members are stuck near the Strait due to security concerns.
  • Since February 28, Iran and the US/Israel have exchanged attacks, including airstrikes and missile strikes.
  • The US Navy began a blockade around April 13, stopping and inspecting ships near Iran.
  • UK maritime forces have reported over 20 confirmed attacks on ships in the area.
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